Jyoti Structures at 5% UC

Jyoti Structures is shining bright; from its close of Rs.19.25, it opened itself today at Rs.20.20, hitting the 5% UC of the day where it now remains frozen.

The stock price soared up after the company said that it has secured a contract from Adani Transmission for turnkey design, supply and construction of 765 KV Double Circuit transmission line from Khavda to Bhuj in Gujarat.

The contract valued at Rs.382 crore, including GST, is to be executed in about 17 months by August 2023.

RITES, a transport infrastructure consultancy and engineering company, and Mineral Exploration Corporation Ltd (MECL) have entered into an agreement to jointly bid and execute works related to geotechnical investigations for civil engineering infrastructure projects.

Under this arrangement, RITES and MECL will collaborate for technical services, including consultancy assignments, knowledge sharing and research & development activities.